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Oct 31, 2013
10/13
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MSNBC
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i will cut taxes. restore your prompt tax rebates. he raises property taxes. how does this work in new jersey? >> he cut the program and turned it into a direct credit. not only did he significantly reduce how much, most low income. middle-class homeowners and seniors receive. he converted it. instead of receiving a rebate check. you can then go out and spend. transferred into a direct credit on your property tax bill. shows up as a line when you get your tax bill. you no longer get that check. if this was the campaign commercial a month after he won election, i think that the results may have been a lot different. i think the takeaway is what he found is it is a lot harder when you are running the state and you are in control of the budget than when on the outside and you are criticizing the guy who is. >> crystal, it seems that he -- that he tries how to work this reputation as the straight talker. but it isn't actually based on doing what he says he would do. >> yeah, that's exactly right. and i mean in fairness. he doesn't try to work it. he does work it.
i will cut taxes. restore your prompt tax rebates. he raises property taxes. how does this work in new jersey? >> he cut the program and turned it into a direct credit. not only did he significantly reduce how much, most low income. middle-class homeowners and seniors receive. he converted it. instead of receiving a rebate check. you can then go out and spend. transferred into a direct credit on your property tax bill. shows up as a line when you get your tax bill. you no longer get that...
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. >> reporter: celebrating break throughs like restoring the oyster population and the rain tax. >> you can see it was a 3300 fee just for the rain water. >> reporter: the candidates take stands to protect the chesapeake bay. the rain tax which charges property owners the rain that runs into the bay. >> we are embracing and implementing a plan that is fair and doesn't run away from our burden like other counties are. >> reporter: they might consider modification s, but gansler is enforcing it. >> we need to have a review of our tax structure. >> i would have preferred the original bill to be statewide. i'm open to having the conversation of expanding who it supplies to. >> i'm never in favor of putting the state mandates in local governments. >> reporter: ron george expects to see the tax revisited in the next session. keep in mind there's a 2014 session before there's a 2014 election. this and a number of other issues can change by then. back to you. >> reporter: they lowered the rain tax for all non-profit organizations to $1. >>> a quick look at the stories you'll find in tomorrow's
. >> reporter: celebrating break throughs like restoring the oyster population and the rain tax. >> you can see it was a 3300 fee just for the rain water. >> reporter: the candidates take stands to protect the chesapeake bay. the rain tax which charges property owners the rain that runs into the bay. >> we are embracing and implementing a plan that is fair and doesn't run away from our burden like other counties are. >> reporter: they might consider modification s,...
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Nov 4, 2013
11/13
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CNBC
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eye 103
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the amount of tax dollars that we have spent to try to support wind and solar makes no sense to me. if crude oil makes its way lower, i think it spells the demise of the solar energy phenomenon. >> if it's not a ka nar ree in the coal mine, can it be a boost? >> you get the consumer that is going to help. the ones that are performing best here, look at coal and -- look at the steel space. look at walter energy and cleveland cliffs. these have been massive trades for the past couple of months. a lot of the miners have been priced like their balance sheets. walter energy is a great example of that. these are trades you can stay in. coal demand globally is still growing. >> you can see manufacturing come back to the united states in a significant way and that was just unimaginable. a very short time ago. that would obviously be very good. >> we have been on the steel names. i think he came out and made comments about the steel. they are going to be very late and wrong. this has had a big run. here is where i would absolutely be taking profits. i think you can see this thing trade back
the amount of tax dollars that we have spent to try to support wind and solar makes no sense to me. if crude oil makes its way lower, i think it spells the demise of the solar energy phenomenon. >> if it's not a ka nar ree in the coal mine, can it be a boost? >> you get the consumer that is going to help. the ones that are performing best here, look at coal and -- look at the steel space. look at walter energy and cleveland cliffs. these have been massive trades for the past couple...
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Nov 4, 2013
11/13
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FOXNEWSW
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eye 101
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you owed to the king the tide and tax because after all, he was anointed by god. john: a majority at the time voted for it. >> it passed and as the president is apt to tell you very quickly, it passed through the supreme court with some changes. you know, is still be, a part of the united states congress to change something that is bad. chase something that people don't want. and really, the next up in this trauma, if you will, is up to the american people. i have done what i can't the last three years to either try to deflect or improve are not damaged people so badly with this thing. honestly, do you remember back in 1988 when the catastrophic health care plan was revealed after the people rose up and said, you have got to get rid of this? that is the type of citizen involvement that is going to be required to reverse course on what you correctly point out is a massive government overreach. john: let's move on from the legislation itself and just the idea. the european idea is that health care is a right. what do you say to these american politicians making the
you owed to the king the tide and tax because after all, he was anointed by god. john: a majority at the time voted for it. >> it passed and as the president is apt to tell you very quickly, it passed through the supreme court with some changes. you know, is still be, a part of the united states congress to change something that is bad. chase something that people don't want. and really, the next up in this trauma, if you will, is up to the american people. i have done what i can't the...
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Nov 1, 2013
11/13
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CSPAN
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and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they share much in common with the approach the president has put forward. there's no reason we can't start with the substantial policy areas we agree on and come together to find common ground. in addition to reforming our tax system, we must finish the work of creating new trade agreements that are free and fair. they must open up markets for america's businesses and must add to the millions of american jobs that are currently supported by trade. as congress comes together in support of trade deals we'll help expand the biggest, -- the biggest mark place in the global economy and rere-inforce the pos
and we can do this by broadening the tax base and lowering tax rates in a way that doesn't add a dime to the federal deficit. the president put forward the details of his tax reform and pleadmead clear his commitment -- and has made clear his commitment to business tax reform paired with an infrastructure package paid for with one-time revenue. we have a real opportunity ahead to seize the tax reform and establish a simpler, fairer and more competitive tax reform in the yeats. -- years. they...
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Oct 30, 2013
10/13
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CNBC
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eye 63
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we know it would have happened and their tax rate went up. if you think that there is a savior in copper, it is not. this is 95% gold. >> it's actually get up 50%. after the close, karen. >> this has been a really good one. i have to say the easy money has been made here already. that's mostly down and now they will turn more to earnings and that is a pe multiple. it's not that cheap. we're coming into a new phase. >> coming up next, we're talking about the just released earnings and shocking gains. and tomorrow, let's take a look at october's s&p leaders. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where
we know it would have happened and their tax rate went up. if you think that there is a savior in copper, it is not. this is 95% gold. >> it's actually get up 50%. after the close, karen. >> this has been a really good one. i have to say the easy money has been made here already. that's mostly down and now they will turn more to earnings and that is a pe multiple. it's not that cheap. we're coming into a new phase. >> coming up next, we're talking about the just released...
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Nov 3, 2013
11/13
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FOXNEWSW
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by the time i left and the taxes were going up, all i was offered was black market cigarettes. i'll tell you something, i miss the drugs. whoever is keeping score. >> it's going to turn me into a cigarette pimp. all these young people will try to get me to buy cigarettes. i'm going to be a horrible cigarette pimp. coming up. i saw something moving in my sad had. i ate it because i'm a weirdo. how does this model ruin one poor slob's marriage? we'll get to the bottom. okay ladies, whenever you're ready. thank you. thank you. i got this. oh, no, i'll get it! let me get it. uh-uh-uh. i don't want you to pay for this. it's not happening, honey. let her get it. she got her safe driving bonus check from allstate last week. and it's her treat. what about a tip? oh, here's one... get an allstate agent. nice! [ female announcer ] switch today and get two safe driving bonus checks a year for driving safely. only from allstate. call 866-905-6500 now. here we go! hold on man. is that a leak up there? that's a drip. whoo. okay. aah. now that's a leak. that is a leak! and if you don't have a
by the time i left and the taxes were going up, all i was offered was black market cigarettes. i'll tell you something, i miss the drugs. whoever is keeping score. >> it's going to turn me into a cigarette pimp. all these young people will try to get me to buy cigarettes. i'm going to be a horrible cigarette pimp. coming up. i saw something moving in my sad had. i ate it because i'm a weirdo. how does this model ruin one poor slob's marriage? we'll get to the bottom. okay ladies, whenever...
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Nov 5, 2013
11/13
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FOXNEWSW
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people like his low-tax policies and is a man of the people. but when you admit to smoking crack when you're the mayor of a big city like that it, it might beatle difficult to survive. >> it happened in washington, if i remember. >> reporter: it did. but marion berry faced charges and was convicted and did come back into politics. here's the thing that rob ford has going for him. if he does not resign outright today there is no mechanism in canada to recall him, and they say a day in politics i a long time, week is forever. he has a year until the next mayoral elections come around to clean this up. if he decides to take a leave of absence, he has a lot of time to try to repair his image. he is going ton something of an apology tour as well. if he does resign, that's it for him. >> we'll watch this. we're expecting him to walk out at any moment. john, he tried very hard not to answer the question. today, as he finally came out and answered id, he said you didn't ask the question right before. i'm not an addict but, yeah, you now, i've smoked cr
people like his low-tax policies and is a man of the people. but when you admit to smoking crack when you're the mayor of a big city like that it, it might beatle difficult to survive. >> it happened in washington, if i remember. >> reporter: it did. but marion berry faced charges and was convicted and did come back into politics. here's the thing that rob ford has going for him. if he does not resign outright today there is no mechanism in canada to recall him, and they say a day...
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Nov 3, 2013
11/13
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FOXNEWSW
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i was skeptical of tax cuts, i was skeptical of smaller government at the beginning and then by the end of the '80s i had begun to change. >> what happened? >> empirical evidence. as a doctor i was trained in empirical evidence. i mean, if the treatment is killing your patients you stop the treatment. and so i began to look and read and think about whether the view i had of a social democratic society like they had in europe was the right way and i sort of -- i moved gradually to the idea of a more limited society, smaller government. >> by that time, krauthammer's world was really falling into place. in 1985, his son daniel was born. two years later, krauthammer won the biggest honor in print journalism. the pulitzer prize. not bad for someone that started in the business less than a decade earlier without even a writing sample. he went straight from the ceremony to see his father who had once worried about his son's jump from medicine to journalism. he was 84 and gravely ill. >> i went to the hospital where he was and i said, dad, i have something i want to give you. and i gave him th
i was skeptical of tax cuts, i was skeptical of smaller government at the beginning and then by the end of the '80s i had begun to change. >> what happened? >> empirical evidence. as a doctor i was trained in empirical evidence. i mean, if the treatment is killing your patients you stop the treatment. and so i began to look and read and think about whether the view i had of a social democratic society like they had in europe was the right way and i sort of -- i moved gradually to...
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Nov 4, 2013
11/13
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i paid an income tax, medicare tax, it's a system that i'm part of. as soon as my income disqualifies me, i will be paying back into that system. i think that is fair if and i think that is how it's supposed to work. >> kasandra, four kids, no health care, have you looked around to see how expensive it would be for your family if you signed up? >> yeah, i have. >> what would it cost? >> it i didn't go for obama care i would pay over $1,000 a month for our family of five. and that's as basic as it can get. >> wow. >> so that's not an option for you right now, is it? $1,000 a month? >> no, my husband works a high risk construction job, so if something would happen to him our family would suffer greatly. >> i hope that something good can happen for you and it has to have four wonderful children, thank you and brendan thank you for being here too. appreciate your stories. if you ask a parent what they want their kids to be when they grow up, a lot of them will say a doctor. doctor is one of the most popular and challenging career paths for young americans
i paid an income tax, medicare tax, it's a system that i'm part of. as soon as my income disqualifies me, i will be paying back into that system. i think that is fair if and i think that is how it's supposed to work. >> kasandra, four kids, no health care, have you looked around to see how expensive it would be for your family if you signed up? >> yeah, i have. >> what would it cost? >> it i didn't go for obama care i would pay over $1,000 a month for our family of five....
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Oct 29, 2013
10/13
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CNBC
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that is well accepted in the united states such as income tax and inheritance tax. in this case we have a transfer of wealth from the healthy people to the ill. but nobody who is healthy wants to sign up because they are healthy and don't have to pay so they would take the $95 short term penalty. and i think the insurance pool is going to turn out to be quite unattractive. >> i guess my question is if we believe that these glitches will be solved and obama care will be rolled out as intended, then there is just a minor blip in the stocks but they will see that enrollment pick up later. sounds like you're saying that perhaps it will never reach what it was meant to be in that it will be a drain eventually on these insurers because we are not getting the healthy participants to offset the cost of the ill. >> i don't know if it ever gets repealed. it's been endorsed in a couple of ways. but i think as we actually live it, people may find it's not what was sold to them or what was expected. i think the mechanics of signing up work. but i think that the policies of it al
that is well accepted in the united states such as income tax and inheritance tax. in this case we have a transfer of wealth from the healthy people to the ill. but nobody who is healthy wants to sign up because they are healthy and don't have to pay so they would take the $95 short term penalty. and i think the insurance pool is going to turn out to be quite unattractive. >> i guess my question is if we believe that these glitches will be solved and obama care will be rolled out as...
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Oct 31, 2013
10/13
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MSNBC
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they will make them pay the tax. >> it works like a sales tax. any time you add a tax on to something that people are purchasing it adds to the cost. >> the taxes are on the insurance companies. they want to keep their profit margin a specific target and they will pass it on to the consumer. they don't have to do that. >> the cost of providing care is increasing. any time you increase the cost it adds to the cost of the coverage. they said that clearly when the law was enacted. the tax would raise health insurance premiums. >> is the insurance industry worried that it's not going to be profitable? >> what we learn side that coverage is not affordable. we know from experience if you have reform similar to what is included in the aca, premiums skyrocket and the market detablizes. we need to make sure we have enrollment that stays the same and doesn't get moved. people can have coverage. those are the things we focus on. these reforms won't work. >> is massachusetts the model when you look back, does that model work? that is what works for the insur
they will make them pay the tax. >> it works like a sales tax. any time you add a tax on to something that people are purchasing it adds to the cost. >> the taxes are on the insurance companies. they want to keep their profit margin a specific target and they will pass it on to the consumer. they don't have to do that. >> the cost of providing care is increasing. any time you increase the cost it adds to the cost of the coverage. they said that clearly when the law was...
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Oct 29, 2013
10/13
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MSNBC
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i would rather see our tax dollars spent on improving our kids' schools rather than defending this law. greg abott immediately filed an appeal to today's ruling. joining me now, msnbc and planned parenthood in houston, texas, one of the plaintiffs in the lawsuit. this must have been quiet a win down there today. >> yes, lawrence, thank you. this ruling is a victory for our parents. it's a ruling for women. it sends a clear signal across 50 states. it is unconstitutional for politicians to pass laws that take away the private personal health care decisions that women make in consultation with their physician. >> melanie, i just want to check one thing. the 30 mile rule of being knocked out, does that mean there won't be any facilities that will have to close as a result of any other provisions in this law? >> well, that remains to be seen. but what this does mean is that women across the state will have access to abortion care preserved for them. >> crystal, here is a george w. bush judge looking at what this lu legislature did and saying that it cannot stand. >> yes. and the piece that
i would rather see our tax dollars spent on improving our kids' schools rather than defending this law. greg abott immediately filed an appeal to today's ruling. joining me now, msnbc and planned parenthood in houston, texas, one of the plaintiffs in the lawsuit. this must have been quiet a win down there today. >> yes, lawrence, thank you. this ruling is a victory for our parents. it's a ruling for women. it sends a clear signal across 50 states. it is unconstitutional for politicians to...
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Nov 4, 2013
11/13
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CNBC
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growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> >>> it's a big week at big board. twitter shares will begin trading on thursday. the social networking giant raised the price range be
growing calls to tax the rich. robert frank will be along to tell us where the flash points are and whether you should be calling the moving vans. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i...
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Oct 31, 2013
10/13
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WBFF
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or tax-deferred environment. you see, working a job and just saving money alone may not get you to your long-term financial and retirement goals, and that's why it's so critical for you to learn these powerful, long-term wealth-building strategies. >> right now, we're working on houses number 14 and 15, and we have number 16 in contract. and on our last four deals, we're averaging $100,000 in profits on each deal. >> after all the closi costs and all the expenses it took to do the rehab, we made approximately $110,000. >> this house behind me -- i got it under contract, and using the strategies that you taught me at your event, i was able to sell that contract, and i made over $9,000. >> we're averaging $25,000 profit per deal. >> i just wholesaled a deal to a wealthy cash buyer. i made $30,000 in about four hours of work on one deal. >> as you're watching at home -- we only have a few seconds left, so pick up the phone and call the number right now to make your guaranteed reservation. this event is an opportunit
or tax-deferred environment. you see, working a job and just saving money alone may not get you to your long-term financial and retirement goals, and that's why it's so critical for you to learn these powerful, long-term wealth-building strategies. >> right now, we're working on houses number 14 and 15, and we have number 16 in contract. and on our last four deals, we're averaging $100,000 in profits on each deal. >> after all the closi costs and all the expenses it took to do the...
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Oct 28, 2013
10/13
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FOXNEWSW
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eye 257
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reform proposal or tax proposal that will create jobs. explain what exactly that will do and why it's needed. >> sure. we're going to lower personal and business income taxes down to 5% and 4% respectively. 4% would be tied for the lowest in the country and pay for it by shrinking the growth of our general fund by population plus inflation that would have been worth $400 million tax relief, more than 500 the year before and get rid of one sixth of our tax exemptions and credits, that's going to take place over a couple of years. you can't just walk in and do that that's worth about 58,000 new jobs according to outside economists. and i'm the only candidate with a plan that an economist can look at and rate. and while my opponent obviously doesn't like my plan, he hasn't proposed one. you know, he just says the word jobs, and that's nice. i don't doubt that he wants more jobs in virginia but he has never laid out a plan how to do it. on the other side what he he has done is promised enormous amounts of spending all over virginia. my total,
reform proposal or tax proposal that will create jobs. explain what exactly that will do and why it's needed. >> sure. we're going to lower personal and business income taxes down to 5% and 4% respectively. 4% would be tied for the lowest in the country and pay for it by shrinking the growth of our general fund by population plus inflation that would have been worth $400 million tax relief, more than 500 the year before and get rid of one sixth of our tax exemptions and credits, that's...
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Oct 28, 2013
10/13
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FOXNEWSW
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eye 136
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. >> is that tax money that the fed is spending? >> it is not tax money. much more akin to printing money than borrowing. >> you have been printing money. >> effectively. >> so good to jon stewart for getting that one right. >> why? >> they are creating a trillion dollars of new currency each year digitally. they aren't printing it anywhere. >> not exactly printing but creating it. >> creating it out of thin air. which shocks a lot of people, but that's the fact. >> the line in the movie that most touched me was when you say, that these two fed chairmen with central planning in our economy, more than ever in history in secret. >> at 500 billion of mortgages, biggest playser in the housing market -- >> by far. >> $2 trillion in government debt. >> central planning. didn't work in communist countries. >> throughout history we have seen that market economies do bett better. why are we choosing to give the fed more power and influence p. they should start handing that power back to the market. >> thank you, jim bruce. your film's great. people can, if you go t
. >> is that tax money that the fed is spending? >> it is not tax money. much more akin to printing money than borrowing. >> you have been printing money. >> effectively. >> so good to jon stewart for getting that one right. >> why? >> they are creating a trillion dollars of new currency each year digitally. they aren't printing it anywhere. >> not exactly printing but creating it. >> creating it out of thin air. which shocks a lot of...
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Nov 2, 2013
11/13
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FOXNEWSW
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to have to kafr for people on medicaid, they have to raise taxes, raise income tax or cut spending for roads, schools and things like that. there are a lot of people who still need insurance so let's expand it to help people get on. but real costs come with it. it's taxpayers. 26 states signed up for this. federal money is paying for them. you're still paying. >> if you think you're, you're not. you're a federal taxpayers. if they have a swelling of the medicaid rolls and don't pay from the exchanges guess who pays. here's a hint. ready? we have been digging into the rule causing millions of americans to lose health insurance. democratic senator mary landrieu is leading an effort to make sure the president's promise will be kept that people can keep their health care insurance if they like it. wait until we show you what she said about this specific issue just a couple of years ago. plus, he was a successful businessman with hundreds of employees but now not a one. he'll join us live with his warning for working americans in the wake of obama care. >>> breaking details tonight on a dea
to have to kafr for people on medicaid, they have to raise taxes, raise income tax or cut spending for roads, schools and things like that. there are a lot of people who still need insurance so let's expand it to help people get on. but real costs come with it. it's taxpayers. 26 states signed up for this. federal money is paying for them. you're still paying. >> if you think you're, you're not. you're a federal taxpayers. if they have a swelling of the medicaid rolls and don't pay from...
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137
Nov 1, 2013
11/13
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CNBC
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and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. maestro of project management. ba
and how we can prevent more tax like this from happen. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. at a ford dealer with...
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161
Oct 29, 2013
10/13
by
CNBC
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eye 161
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individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex things done is from the executive branch and with congress being willing to compromise. >> was dodd/frank the right legislation? how come only 40% has been implemented? >> well, there's a lot of good with dodd/frank. we got the things we needed out of dodd/frank. why is only 40% been implemented? well, it's a big, complicated bill, but we have too many regulators. we have five -- >> everybody wants to weigh in. >> we have five regulators all fighting with themselves on how to write the rules. that's one of the reasons. the other reason is
individual tax system, corporate tax system. we need real serious health care reform to deal with some of the fiscal problems that are coming down the road. we need -- we need a new immigration system. so that there's a good number of things we need to do. and the only way you get those done is with a compromise. democrats and republicans have to come together and compromise, but the leadership for that always needs to come from the president. because the only way you get big difficult, complex...
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Oct 28, 2013
10/13
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MSNBCW
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eye 66
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, you don't pay tax. this reduces revenue by $300 billion a year. if it were a government program, it would be one of the largest within the federal government. the way the subsidy is structured, the higher the tax rate, the more it is worth. ted cruz, his wife is a highly paid investment banker, they get their insurance through a cadillac plan at goldman sachs and it cost $40,000 a year in 2009. to get a sense, family health insurance would cost 15,000 or 16,000, well more than twice as expensive as normal. the tax benefit is worth about $15,000. now the cost to insure a family of four on medicaid at that time was about $11,000. so that it's not that their health plan cost more than medicaid but the part subsidized by taxpayers cost more than the entirety of medicare coverage. what the affordable care act does is shift around the subsidies, it takes the money and puts it to people who need it either because they have low incomes or high health needs and that's bad if you're a managing director at goldman
, you don't pay tax. this reduces revenue by $300 billion a year. if it were a government program, it would be one of the largest within the federal government. the way the subsidy is structured, the higher the tax rate, the more it is worth. ted cruz, his wife is a highly paid investment banker, they get their insurance through a cadillac plan at goldman sachs and it cost $40,000 a year in 2009. to get a sense, family health insurance would cost 15,000 or 16,000, well more than twice as...
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Oct 29, 2013
10/13
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we didn't come here to raise taxes. >> two huge tax increase thes. we're interesting in reforming the tax code. not as a measure of raising tax revenues. we think you can get more revenue through more economic growth. that's the kind of thing we're in favor of. we also want to get auto the drivers of our debt. so they want up front stimulus, which is not what we're going to do. because it didn't work the last time. we believe in pro growth economics, point one, point two, the reason i like the budget control act is it did put spending caps. >> right. >> now the sequester is going to lower spending caps. the question is, is in the interim, in this moment we are in, can we get even smarter an better deficit reduction that actually helps us get the debt under control to hem us grow this economy? >> would you take a deal? a revenue deal to get some, some changes in the sequester? >> no. raise taxes -- we have been really clear about this. we're not in this business to raise taxes. we are not here to raise taxes. >> so the only condition. >> we'll take th
we didn't come here to raise taxes. >> two huge tax increase thes. we're interesting in reforming the tax code. not as a measure of raising tax revenues. we think you can get more revenue through more economic growth. that's the kind of thing we're in favor of. we also want to get auto the drivers of our debt. so they want up front stimulus, which is not what we're going to do. because it didn't work the last time. we believe in pro growth economics, point one, point two, the reason i...
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Oct 31, 2013
10/13
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for them, brass tax are going to be where it's at. we've got to fix the technology, got to fix the processes. then they can start to turn around the political perception of all that. >> thanks very much. there has been some backlash at the white house from americans who are being forced out of their inexpensive plans with limited coverage, even though the president assured the country that people could actually keep their plans if they liked them. now, yesterday president obama had this explanation. >> there are a number of americans, fewer than 5% of americans, who've got cut rate plans that don't offer real financial protection in the event of a serious illness or an accident. remember, before the affordable care act, these bad apple insurers had free reign. every single year to limit the care you received or use minor pre-existing conditions to jack up your premiums. or bill you into bankruptcy. this wasn't just bad for those folks who had these policies, it was bad for all of us. >> bad apple. that's the operative term there. were
for them, brass tax are going to be where it's at. we've got to fix the technology, got to fix the processes. then they can start to turn around the political perception of all that. >> thanks very much. there has been some backlash at the white house from americans who are being forced out of their inexpensive plans with limited coverage, even though the president assured the country that people could actually keep their plans if they liked them. now, yesterday president obama had this...
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Nov 3, 2013
11/13
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sometimes you see what happens with regulations and tax code stuff. you have to go back in and make what are called technical fixes. back in the days of tip and gipper, maybe if you lost the fight you bring up a bill and say this is neutral to make this work better. you could get it past both sides. say we want the program to work. that can't happen now. so therefore obama and the executive -- >> explain why. because you can't get the votes to do anything in the senate. >> the republicans would use that as a way to obstruct. therefore, the executive branch now and the white house, they have to do a lot of this with regulations they otherwise wouldn't do. and it's like throwing gum into the works -- >> all these fixes they demand now, they had an opportunity to deliver on right after they got the first part of the health care plan through. then they came around reconciliation. they said we're not giving you a single vote. you've got to do it that way. therefore, you can't change the policy. anyway, republicans continue their efforts to undercut the pre
sometimes you see what happens with regulations and tax code stuff. you have to go back in and make what are called technical fixes. back in the days of tip and gipper, maybe if you lost the fight you bring up a bill and say this is neutral to make this work better. you could get it past both sides. say we want the program to work. that can't happen now. so therefore obama and the executive -- >> explain why. because you can't get the votes to do anything in the senate. >> the...
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Oct 29, 2013
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get taxed on our benefits. >> they -- >> the costs. >> every other form of compensation gets taxed and this is an anomaly. >> what congress is saying, we'll spot you the first 10,000 and not include that as tax but anything above that amount for an individual, would be subject to this exize of 40%. >> again, it's not only a question of income tax or tax, it's a question of containing costs on the back end to make sure that people are not getting willy-nilly tests they don't need. >> i've gone 40% over the time allotted to this. i'm going to get scolded, spanked. down to you. >> let's go to dominic chu for a market flash. >> activist investor star is asking semiconductor to consider selling or restructuring its mobile amplifier business which it says is dragging down the chip price. star board value said the company should focus on networks and defense units like skyworks solutions. the mobile power amplifier business accounts for 65% of the company's revenues. triquint not a immediately available for comment. >> nickel and diming your way to record revenues. the airlines masters at tha
get taxed on our benefits. >> they -- >> the costs. >> every other form of compensation gets taxed and this is an anomaly. >> what congress is saying, we'll spot you the first 10,000 and not include that as tax but anything above that amount for an individual, would be subject to this exize of 40%. >> again, it's not only a question of income tax or tax, it's a question of containing costs on the back end to make sure that people are not getting willy-nilly tests...
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Oct 28, 2013
10/13
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i was skeptical of tax cuts, smaller government at the beginning. then by the end of the '80s i had begun to change. >> what happened? >> empirical evidence. as a doctor i was trained in empirical evidence. if the treatment is killing your patients you stop the treatment. so i began to look, read and see if a democratic society like in europe was the right way. i moved gradually to the idea of a more limited society, smaller government. >> reporter: by that time krauthamm krauthammer's world was falling into place. in 1985 his son daniel was born. two years later, krauthammer won the the biggest honor in print journalism, the pulitzer prize. not someone who started in the business less than a decade earlier without a writing sample. he went straight to see his father who worried about his son's jump from medicine to journalism. he was gravely ill. >> i went to the hospital where he was. i said, dad, i have something i want to give you. i gave him the medal. he beamed and showeded it to the nurses. >> reporter: it was krauthammer's final visit with h
i was skeptical of tax cuts, smaller government at the beginning. then by the end of the '80s i had begun to change. >> what happened? >> empirical evidence. as a doctor i was trained in empirical evidence. if the treatment is killing your patients you stop the treatment. so i began to look, read and see if a democratic society like in europe was the right way. i moved gradually to the idea of a more limited society, smaller government. >> reporter: by that time krauthamm...
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Oct 28, 2013
10/13
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bush promise read my lips, no new taxes. this is a promise obama had replayed now and at odd with the facts on the ground and that say problem politically for the president. >> his language changed this weekend. he no longer said if you like your plan you can keep your plan. listen to how he state today now. >> everyone who already has health insurance through your employer, medicare or medicaid will keep the benefits and preces that this law put in place. >> keep the benefits that the law put in place. that is different than just keep your plan, isn't it? >> it is. you played david a xelrod modifying his language and executive kelly back pedalling off of the promise because it is simply not true. and the extent it is played out over and over. and there is no reason to suggest that the stories will suddenly stop happening. it will cause not only for the presidented. he's not up for reelection. but it will hurt his job approval rating and that will hurt the democrats in 2014 and beyond. >> tom bevin, thank you for your analys
bush promise read my lips, no new taxes. this is a promise obama had replayed now and at odd with the facts on the ground and that say problem politically for the president. >> his language changed this weekend. he no longer said if you like your plan you can keep your plan. listen to how he state today now. >> everyone who already has health insurance through your employer, medicare or medicaid will keep the benefits and preces that this law put in place. >> keep the benefits...
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Nov 5, 2013
11/13
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i'm a guy who has cut taxes $2.3 billion in the state. our budget in fiscal 2014 spends less than jon corzine's in fiscal 2008. we have reformed teacher tenure, reformed pension benefits to make folks pay more for their pensions and to lose the cost of living adjustments. i mean, you know, if they did that stuff in washington, they would be having a parade for the washington republicans. so they can call me whatever they want to call me. you look at my record, i think most people objectively look at my record as we were talking about before when we were outside, it's a solid conservative record and for goodness' sakes, almost everybody has been called a rino now. if you weren't in favor of the government shutdown you're a rino. i don't pay any attention to that. >> you never won more than what is it, 48%? >> i was just short of 49% four years ago. yeah. >> i think the last republican governor to break 50% is tom kean. >> the last republican state-wide was george bush 41. >> so every poll has you leading significantly. what will you be hap
i'm a guy who has cut taxes $2.3 billion in the state. our budget in fiscal 2014 spends less than jon corzine's in fiscal 2008. we have reformed teacher tenure, reformed pension benefits to make folks pay more for their pensions and to lose the cost of living adjustments. i mean, you know, if they did that stuff in washington, they would be having a parade for the washington republicans. so they can call me whatever they want to call me. you look at my record, i think most people objectively...
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Nov 5, 2013
11/13
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this is just not the right time to raise taxes or raise minimum wage. any economist will tell you that. >> california, connecticut, new york, rhode island, the states that have this etched into their respective state constitutions are not exactly firing on all economic cylinders. california is coming back. you could argue connecticut's coming back. i don't know whether this has anything to do with that, but i doubt it. i'm wondering whether this holds that come back. >> think about it. if you're going to index these wages every year, what happens when quantitative easing which ultimately will cause inflation, we know that, $85 million a month being printed right now is going to ultimately cause price inflation in this system. you add on top of that an automatic increase on wages to employers on top of that? neil, that's got to hurt the consumer, hurt the working man, got to hurt the business owner. it just doesn't make economic sense. that doesn't surprise me coming from these guys. my favorite saying is the guys back east can mess up a one-piece puzzle
this is just not the right time to raise taxes or raise minimum wage. any economist will tell you that. >> california, connecticut, new york, rhode island, the states that have this etched into their respective state constitutions are not exactly firing on all economic cylinders. california is coming back. you could argue connecticut's coming back. i don't know whether this has anything to do with that, but i doubt it. i'm wondering whether this holds that come back. >> think about...
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Oct 28, 2013
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we need to have simplified taxes and rule making. to trust people once they're empowered to make decisions for themselves far better than having government do it. it's not too late. too many conservatives i think have given up. they basically are just reacting to the overreach and don't believe we can restore american grate greatness bit tried and true means. >> can you sell immigration reform to the gop? tough job. it's a tough job. >> there are a lot of people i talk to that quietly say i understand what you're saying, we need an economic driven immigration plan, i don't want to be primary. at the end of the day people are going to have to put on their big boy pants here and do what's right for the country. we could grow faster if we limited familyification and we placed it with a rebust programs. it's within our grasp and to me it's a completely conservative idea that we do this. it will lessen demands on government, not increase them. without it we're going to be an older workforce, less productive and the new normal will be 1% g
we need to have simplified taxes and rule making. to trust people once they're empowered to make decisions for themselves far better than having government do it. it's not too late. too many conservatives i think have given up. they basically are just reacting to the overreach and don't believe we can restore american grate greatness bit tried and true means. >> can you sell immigration reform to the gop? tough job. it's a tough job. >> there are a lot of people i talk to that...
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Oct 28, 2013
10/13
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unfortunately under current tax policy, that's probably the best move. >> apple is a little bit caught up in this discussion. we all believe that eventually we will get to a 25% corporate rate. but i do think that in the long term, getting that product life cycle down and restoring the market's faith in their innovation probably does a lot more for their stock than a bigger buy back program. keep in mind they already have a record breaking buy back program in place. >> since carl icahn has gotten involved, is he on to something here? >> having them always moves it higher for a while. he certainly picked a good moment. he is is a very smart investor. i don't think it's bad to have them suggesting. when he says stuff is good for the stock it's good for him, when he makes the money the market makes money but on the base level the $150 million could be spent a different way. >> all right guys. good information. we will see you soon. we want to look at any other headlines op apple. he has got more on this report out tonight. over to you. >> i know earlier you were talking with your guests a
unfortunately under current tax policy, that's probably the best move. >> apple is a little bit caught up in this discussion. we all believe that eventually we will get to a 25% corporate rate. but i do think that in the long term, getting that product life cycle down and restoring the market's faith in their innovation probably does a lot more for their stock than a bigger buy back program. keep in mind they already have a record breaking buy back program in place. >> since carl...
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Oct 31, 2013
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the tax is supposed to last for only two years. it's symbolic to the extent that francois has chosen in his general economic path to tax those who can afford it without cutting public services, which often hits those at the bottom end as it were who are already struggling. >> okay, tim, thanks very much indeed, tim friend live in paris there. >>> well, there is more bad news for the troubled euro zone, unemployment figures for september show the jobless rate isn't getting any better. it remained at a record high of 12.2%. frustration over the ongoing downturn erupted in the italian capital earlier. police used tear gas and batons against protesters after a peaceful demonstration turned violent. the crowd was calling for more affordable housing and end to local authority evictions. meanwhile in spain fear of job losses. train services across the country are at a standstill. the transport unions are on strike for the fourth day. rail employees are protesting against government plans to restructure the country's train company, which w
the tax is supposed to last for only two years. it's symbolic to the extent that francois has chosen in his general economic path to tax those who can afford it without cutting public services, which often hits those at the bottom end as it were who are already struggling. >> okay, tim, thanks very much indeed, tim friend live in paris there. >>> well, there is more bad news for the troubled euro zone, unemployment figures for september show the jobless rate isn't getting any...
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some of them, the tv tax, personal income tax on up. everyone has been affected and people are fed up. stuart: you live in the united states. >> i do thankfully. stuart: do you think there is a similar feeling in the united states, people fed up with ever higher taxes and the nonperforming economy? i suspect people are not fed up with soaking the rich. they want more. >> people are fed up with soaking the rich because the alternative, they perceive is something that will affect them and people turn measuring the gap, the fiscal gap and tremendous negative consequences on the economy and not to actually say i should want less spending, i should want the government to reform entitlements. it hasn't reached that policies -- >> policies have to affect people. we are seeing that with obamacare. it is directly affecting -- premiums are going up. other wise it is just the new normal but when it hits you through taxes or losing your health insurance that is when people pay attention. >> not like they are losing their coverage, then they go on t
some of them, the tv tax, personal income tax on up. everyone has been affected and people are fed up. stuart: you live in the united states. >> i do thankfully. stuart: do you think there is a similar feeling in the united states, people fed up with ever higher taxes and the nonperforming economy? i suspect people are not fed up with soaking the rich. they want more. >> people are fed up with soaking the rich because the alternative, they perceive is something that will affect them...
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Oct 30, 2013
10/13
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and that's what we need to continue to do. >> de blasio also wants to raise taxes on the wealthy to fund school programs and he has a long history of activism. he traveled to nicaragua when it was under marxism in 1988, and in new york city, recently, supported a.c.o.r.n., the now defungs activist group. >> proud to have gone to nicaragua, working for a catholic progressive organization provided humanitarian aide to people in need. proud to have worked with a.c.o.r.n., which helped low-income people get the help they deserve. >> critics claim the plans will set the city back. >> we will have serious problems. it won't show up overnight, but over time, they'll continue to grow. >> he said his policies will strengthen the city, but after 19 years of rudy giuliani and michael blumberg as mayor, that shift will be large. >> ken cuccinelli appears to be gaining in the governor's race. terry mcauliffe leads by just four points in the latest quinnipiac poll. he was up at least seven last week. >>> we have a virch well seat again for you tonight in our panel segment. if you have not participated
and that's what we need to continue to do. >> de blasio also wants to raise taxes on the wealthy to fund school programs and he has a long history of activism. he traveled to nicaragua when it was under marxism in 1988, and in new york city, recently, supported a.c.o.r.n., the now defungs activist group. >> proud to have gone to nicaragua, working for a catholic progressive organization provided humanitarian aide to people in need. proud to have worked with a.c.o.r.n., which helped...
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Oct 28, 2013
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the taxes. only chile, norway and the united states are the only ones that haven't. don't you think we would get more jobs? isn't that the one thing? the president has been amenable to it. that's the one thing we could do in the next three months. lower the corporate tax. >> yes, make a deal with the company. the president may think, harks they brought the money back and all they did was raise the dividend. >> but lower the rate, bring back -- >> it's crazy. we have companies moving to ireland. ireland is very, very robust economy now. what's the point of that? >> they are still focused on borrowing more money from china and using government money to create jobs. this is the way to create jobs. >> given the fact our labor costs are low and our energy costs are among the best in the world, there is really no reason not to do business here. if we do business overseas, labor is much cheaper and energy much cheaper. both are in the squeeze box. let them send it can ba. start building plants where th
the taxes. only chile, norway and the united states are the only ones that haven't. don't you think we would get more jobs? isn't that the one thing? the president has been amenable to it. that's the one thing we could do in the next three months. lower the corporate tax. >> yes, make a deal with the company. the president may think, harks they brought the money back and all they did was raise the dividend. >> but lower the rate, bring back -- >> it's crazy. we have companies...
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Nov 2, 2013
11/13
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at the end of the day, i don't think we need to raise taxes. we need to actually take some of the president's proposals in terms of entitlement reforms that republicans agree with. they won't be easy to pass. they're tough for both sides to vote for but they're the right things and apply them to the deficit and easing the sequester. there's a deal to be made if both sides will approach it with willingness to engage in give and take. >> i'm curious how optimisticing that lawmakers will do the same because you're saying give and take, both sides have to give a little. >> well, remember, first of all, let's start with the things we agree on. we agree with a lot of the president's entitlement reforms. we don't think we should have to pay for areas we agree by doing things like raising taxes. we don't expect the democrats to embrace the ryan plan on medicare or the block grant medicaid to the states. so they've got some lines in the sand on their side. i respect that. but there's enough room in the middle to actually get something done, and frankly,
at the end of the day, i don't think we need to raise taxes. we need to actually take some of the president's proposals in terms of entitlement reforms that republicans agree with. they won't be easy to pass. they're tough for both sides to vote for but they're the right things and apply them to the deficit and easing the sequester. there's a deal to be made if both sides will approach it with willingness to engage in give and take. >> i'm curious how optimisticing that lawmakers will do...
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Oct 31, 2013
10/13
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. >> he interrupted the tax money flow. tide goes in, tide goes out. in the temple, when he saw the tax collectors dragging the money out of the poor people and overturn their table. and once he did that, his fate was sealed. >> i don't know what that means. >> and today's top trender, cheap talk. i can't use the "s" word. >> oh -- >> they have crappy insurance. we're going to be getting rid of junk insurance plans that haven't delivered anything for the american people. conservatives won't trash junk insurance. >> you can keep the plan that you have and like, but there's a but in our health care right now? there's a but in the system? >> that's a big but. >> the community is welcoming the destruction of what are called, you know, the skinny plans. >> you find something goes wrong so you pick an enemy and you demonize somebody else. in this case, it's the insurance companies. >> this just kills the market. >> we chose those policies and yet the president says you didn't choose well. >> what else would you expect from the republican party but a bunch of
. >> he interrupted the tax money flow. tide goes in, tide goes out. in the temple, when he saw the tax collectors dragging the money out of the poor people and overturn their table. and once he did that, his fate was sealed. >> i don't know what that means. >> and today's top trender, cheap talk. i can't use the "s" word. >> oh -- >> they have crappy insurance. we're going to be getting rid of junk insurance plans that haven't delivered anything for the...
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Oct 29, 2013
10/13
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the cruz's get to deduct all of that $40,000 for tax or that income is never taxed. that's a subsidy worth about $15,000, more than it costs to cover a family of four under medicaid. so this is a crazy feature of our current health care system. and i would note, the cruz's are probably not going to get to keep their health care plan. there will be an excise tax on these extremely high-cost plans that will push employers like goldman sachs to give their employees smaller health plans, pay them more in cash. so i think the president shouldn't have said if you like your health plan you can keep it. one of the key objectives was to change the way in which americans are covered in ways that cover more people, more reliably, at lower cost. and so some people will change plans because of that. >> absolutely. josh barrow, jared bernstein, i wish we had more time. we don't. but thank you. and we'll be right back. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i ca
the cruz's get to deduct all of that $40,000 for tax or that income is never taxed. that's a subsidy worth about $15,000, more than it costs to cover a family of four under medicaid. so this is a crazy feature of our current health care system. and i would note, the cruz's are probably not going to get to keep their health care plan. there will be an excise tax on these extremely high-cost plans that will push employers like goldman sachs to give their employees smaller health plans, pay them...